Reserve Bank of India decided to supply around Rs.65 to 70 crore of currency notes to the District Central Cooperative Banks

2. Reserve Bank of India ( RBI) decided to supply
around Rs.65 to 70 crore of currency notes to
the District Central Cooperative Banks

4. (DCCBs) in the State on daily basis to meet the
requirement of farmers with regard to crop
loan, paddy procurement proceeds and crop
insurance claim.

5. Taking stock of the situation Development
Commissioner R Balakrishnan advised the
Reserve Bank of India officers to supply more
currency to the District Central Cooperative
Banks (DCCBs).

7. Director Institutional Finance Tapan Kumar
Pradhan, General Manager RBI SP Mohanty,
Managing Director State Central Cooperative
Bank Tusar Kanta Panda along with senior
officers from State Level Bank Coordination
Committee and Cooperation department were
among others who participated in the
deliberations.

8. Mr.Balakrishnan underscored the urgency of
constituting a WhatsApp Group among the
senior officers from RBI, SBI, State Cooperative
Bank, Principal Secretary Cooperation and
Director, Institutional Finance.

9. “This forum would provide for real time
monitoring of the ground level situation about
availability of currency in the banks”, said
Balakrishnan adding that he would review the
situation on day to day basis.

10. DCCBs in Odisha advance nearly 65 Percent of the
crop loans against the national average of 16
Percent.

11. This year target has been fixed to advance
Rs.5000 crore of crop loan to the farmers during
the current Rabi season.

12. In addition to that Rs.1776 crore have been
disbursed through cooperative banks to the
farmers towards insurance claim of Kharif crop.

13. Apart from that around Rs.100 crore daily are
being disbursed to the farmers’ accounts
towards paddy procurement proceeds.

14. It was expected that supply of Rs.65 to 70 crore
per day to the DCCBs would cater to
the immediate needs of the famers, said the
Development Commissioner.

15. The issues relating to deposit of money in
Pradhan Mantri Jan Dhan Yojana accounts also
figured in the meeting.

16. Some of the accounts opened under PMJDY
were found not fully KYC compliant for which
more than Rs.50,000 could not be deposited in
these accounts.

17. The farmers due to get more than Rs.50,000
towards the cost of their paddy encountered
this problem.

18. The bank representatives agreed to
Balakrishnan’s suggestion for using Aadhaar
cards issued to the farmers as the KYC.

19. The farmers having their Aadhaar cards would
produce it in the banks and the banks would
make the accounts KYC compliant, said he.

20. Notably, as of now around 93 Percent of the
adult population of the State have been
supplied with Aadhar numbers.

21. Permanent Aadhaar registration centers have
been functionalized at the Tahasil levels.

22. Presently Aadhaar registration campaign is also
going on in all districts.

23. The farmers not having Aadhaar number can get
themselves registered in the nearest camp or
Aadhaar registration center.

25. It is expected that this measure would resolve
the problem at ground level, he pointed out.

26. Thank You
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